By Adam Turteltaub
adam.turteltaub@corporatecompliance.org

Recently, Terry Stechysin of the Canadian Competition Bureau shared his perspectives via a podcast on the Canadian Government’s view of the role of compliance in anti-competition. In this podcast, another Canadian, Steven Preece, an Assistant Director with the UK Competition and Markets Authority (CMA), weighs in on the UK government’s perspective.

Listen in to this podcast as Steve provides us with an overview of the CMA, which is the top anti-competition authority in the UK. He explains:

The similarities and differences from an enforcement perspective with the US Department of Justice and Securities and Exchange Commission

The value CMA gives to compliance programs, including a potential reduction in penalties

The key elements that CMA looks for in compliance programs:

Evidence from top down to a commitment to anti-competition law compliance

Risk identification and assessment

Risk mitigation, and

Review activities

The helpfulness of integrating anti-corruption and anti-competition training

The importance of making training meaningful to the business and providing practical guidance.

In this podcast he provides references to several online resources from the CMA. To access them, just follow the links below.